iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,452 Blog Posts

REPORT: Chinese Controlled State Funds Propping Up Markets Tonight

Well, well, well: what do we have here? Bloomberg just reported from a source who declined to be identified that Chinese controlled state funds were sopping up shares of large cap stocks to create a facade, a fiction of sorts, to make their damned markets trade up.

Chinese policy makers used purchases by government-linked funds to prop up shares over the summer as the CSI 300 plunged 43 percent from its June high. State funds probably spent $236 billion on equities in the three months through August, according to Goldman Sachs Group Inc. The China Securities Regulatory Commission didn’t immediately respond to a faxed request for comment.

Bear in mind, the United Steaks have been rumored to partake in a little wanton manipulation for years. The New World Order, in conjunction with the Grande Recursive Order of the Knights of the Lambda Calculus, alongside The Order of the Cinncinatus, The Holland Society of NYC– and a sundry of other private, well meaning organizations–have a desire to keep equity prices aloft. There is little to gain from a crash scenario playing out. Therefore, take out your best top hats and canes and prepare to enter the markets, using a Martingale strategy to take back your winnings.

A rally is coming and when it does, it’s going to rip the faces clean off the clowns–down to the skeletons– who closed out the day heavily short into the hole.

NOTE: If you’ve noticed, we’ve really stepped up our video content game. Please subscribe to our Youtube Channel and bang on your neighbors door to tell them to do the same. Any time of night is acceptable.

If you enjoy the content at iBankCoin, please follow us on Twitter

10 comments

  1. vampyr

    https://www.youtube.com/watch?v=EeGyQIgvSV0

    … I told you not to wander ’round in the dark.
    I told you ’bout the swans, that they live in the park.
    Then I told you ’bout our kid, now he’s married to mabel.

    Yes, I told you that the light goes up and down.
    Don’t you notice how the wheel goes ’round?
    And you better pick yourself up from the ground
    Before they bring the curtain down,
    Yes, before they bring the curtain down.

    Talkin’ ’bout a girl that looks quite like you.
    She didn’t have the time to wait in the queue.
    She cried away her life since she fell off the cradle.

    Songwriters: CLAPTON, ERIC PATRICK / HARRISON, GEORGE

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • razorsedge

      I like it

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • vampyr

        I’m glad. I think Art can be a sort of satellite GPS system that can be used to see your position and track your movement when one is deep within the metaphorical forest. Beware false claims of Art and History.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  2. gapfiller

    I’d expect 1 person out of 100 to know what “Martingale strategy” means without looking it up. Gold.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. razorsedge

    I’m still workin on I Bought the open.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Dr. Fly

    I do not regret buying the open. All part of the broader strategy

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. razorsedge

    Yesterday was time to buy gold.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. sethster99

    I’m quite content with my purchase of TNK earlier and will definitely add more in the morning.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. razorsedge

    Most of my friends r all cash.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. TaoOfPatrick

    Always a treat when iBankCoin and Youtube meet!

    • 0
    • 0
    • 0 Deem this to be "Fake News"